Matter of LG Edwards Farm, Inc.

MEMORANDUM

JAMES J. BARTA, Bankruptcy Judge.

Upon consideration of the record as a whole, the Court finds and concludes as follows:

This is a motion based upon the requirement that a debtor-in-possession segregate and account for cash collateral pursuant to Section 363 of Title 11. This debtor-in-possession is the record title owner of certain real property which is subject to a deed of trust and an assignment of rents running to Mutual Insurance Company of New York (MONY), the movant here.

The record indicates that the debtor-in-possession was in default on its note to MONY as of April 1, 1982,…